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PBS
Dec 15, 2012 1:00am PST
stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it is a counter cyclical so it is stimulative to the economy, more money in consumers products hopefully to buy and sustain the economy. >> complicated equation there, john, thanks a lot for coming and explaining all of this, have a great weekend. >> >> still hot on this friday night, u.s. manufacturing staying afloat, the luxury boat business made right here in the usa. >> it is called pay as you earn, it is a new obama administration program to pay off student loans, the starting date to sign up is next friday. but it looks like the plan favors graduate students who get bigger paychecks than low earning workers. >> in the state of >> reporter: in his state of the union address almost a year ago, the presi
PBS
Dec 19, 2012 1:00am PST
. some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no deal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset management. >> susie: hi, bob. nice to see you again. >> thanks, susie. >> susie: so investors and traders really do seem to think that a deal is coming, like our previous guest, roger altman. is this rally all about hopes for a deal or something nore fundamental? >> it is about hope for a deal. the malaise and the lack of confidence and the uncertainty has been pervasive, as you well know, susie. that has held corporations back from doing things, from spending money, and some individuals as well. as roger said a few minutes ago, if we can clear the air with some sort of fiscal cliff deal, i think that does lift the
PBS
Dec 19, 2012 7:00pm PST
have so many issues. for example, we're still trying to figure out europe and the depth and duration of that economy. that's just one of many. clearly i don't need another challenge coming from the uncertainty around the fiscal cliff. >> susie: you do a lot of business in china, and you're very bullish on china. can your business in china offset any during you might have in your business from what goes on in the u.s. economy? >> probably not. i'm bullish in the auto business and the building trades, but that is not going to be enough to offset the fiscal cliff, and we're going to have to manage europe at the same time. >> susie: let's say there is no deal and the u.s. economy really slows down, or as some people say could go into a recession, how are you preparing for that possibility? >> we're trying to make those investments that are strategic, and holding back on our hiring because we don't know the growth rates. we're probably looking at the different ways to reduce our points from a logical standpoint, and we're trying to pull every lever to give us some latitude and le
PBS
Dec 4, 2012 1:00am PST
this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of portfolio managers are hoping equities go down as measured by the s&p so their underperformance doesn't look as bad. if the market doesn't go down here i think they will be forced to chase not end of the year. >> susie: uh-huh. beyond stocks, give us your thoughts on bonds, on gold, and other commodities. >> i think gold is in a secular bull market. i think it's just been consolidating the big run it has had and will eventually go higher. bons i think with the re-election of president obama it pretty much insurances you will have low-interest rates for the next 18 to 24 months at least on the shored end of the yield curve. but i think bonds you need to have a very specific idea in terms of investing the fixed income side of your asset allocation because i don't know how much below 0 interest rates can go. a
PBS
Dec 18, 2012 10:30pm PST
eastern europe with promises of badly- needed work abroad. many are unaware of what the traffickers have in store. the production team has set up cameras here. >> we knew that if we wanted to get inside the story that we had to be in a place where it was so prevalent that everybody would have an example or know people who were trafficked. and that's what brought us ultimately to odessa. >> narrator: frustrated with an inability to chase the traffickers overseas, the ukrainian secret service has given us a tip about a suspected sex trader who regularly brings girls through here. across from the port, on the famous odessa steps, we secretly film as she traffics young women to turkey. we've been asked to call her olga. >> the secret service said that she runs a legitimate business as a cover, and she basically takes women from moldova and ukraine to work as domestics in turkey. and amongst these women are some younger women who she sells to traffickers and pimps in turkey. we wanted to answer some fundamental questions, like why don't these women run away, and how do they get across bo
PBS
Dec 24, 2012 4:00pm PST
expensive, so this year, they say they have noticed a jump in orders for shorter, thinner trees, as europe and america have themselves a slightly more frugal christmas. across the industry, sales are expected to fall 15% compared with last year, so the businesses that are doing best are the ones that can adapted to the new reality. this luxury plastic tree used to be popular, but this year, this factory boss tells me the thinner trees account to a to two-thirds of sales to his european customers. it is not just trees. some factories report that foreign customers are buying smaller bobbles, too. amid the gloom, the chinese christmas factories are looking for sales in a surprising place, the domestic market. more and more people are following christmas traditions and others. this man tells me, "i want to set up my own christmas decorations store one day." as europe and america become, well, a little more scrooge like, they need their own people to be the source of glad tidings for christmases to come. bbc news. >> well, china, the country has been giving the song "gangnam style" a bit of a m
PBS
Dec 10, 2012 4:00pm PST
amongst its young people? >> it is going to take a long time. look at the problems in europe and america. it is all about jobs. that is when it comes down to. these are countries who have lived with decades of authoritarian rule. in tunisia, 75% of its exports go through europe. there is also a physical problem. you need a leadership concentrating on the right issues. there is a criticism here. in tunis, the leaders are too bogged down in political battles. the role of religion in the street -- state. two years of feels like a long time if you are waiting for a job. >> a long time indeed. stay with us all of this week for special coverage of arab spring anniversary. we have a special section on our website looking at the political changes in the region. just go to bbc.com/arab uprisings. shattered and her broken, the two australian deejays to make a prank call to the hospital said they feel after the death of the nurse then spoke to. the two radio personality speak about what they say was a tragic turn of events that no one could have predicted. our royal correspondent has the la
PBS
Dec 20, 2012 12:00am PST
, europe's economy remains on prepares you footing despite several months of relative calm and there's a growing debate about whether the u.k. should lead the e.u. earlier this month we covered the "economist" magazine read "good-bye europe, look what happened when britain left the e.u. " i'm pleased to have george osborne back on this program and back at this table. >> thank you very much. >> rose: you're in new york city for a speech at the manhattan institute. >> i did that last night and had some meetings on wall street, seeing them there later. >> rose: so what's your message about the british economy to manhattan institute as well as the mayor and wall street? >> well, the basic message is britain is open for business. if you want to come and invest in a country that is dealing with its problems, cutting its business taxes, providing opportunities for companys to go britain is the place. i think we're doing better. >> rose: you do? >> i certainly do. >> rose: the numbers don't look like that. >> well, actually, look at the u.k. compared to many western economies, we are getting our
PBS
Dec 4, 2012 10:00pm PST
the relatively risky parts of europe would become less risky. he basically made a goldman-sized bet at a firm that was only a sliver of goldman's size. >> the firm's stock is getting crushed yet again this morning, and mf's credit rating was cut to junk by moody's overnight. >> how can something like this be allowed to happen? how can n e individu completely shape the destiny of this firm and ultimately its demise? >> these two stories on this special ededion ontline. >> frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardian of the public interest. additional funding is provided by the park foundation, dedicated to heightening public awareness of critical issues. and by tfrontline journalism fund, supporting investigative reporting and enterprprprprprpp >> martin smith:
PBS
Dec 13, 2012 7:00pm PST
having southern europe slip into the mediterranean. and so also given other asset classes equities appear to be relatively attractive. >> let's talk about that, actually. because did you ask the people that you survey what are the best asset classes. and stocks got-- was at the top of the list. let's look at the list here, followed by precious metals, commodities, bonds and cash at the bottom of the list. tell us a little bit pore about those rankings from investment managers? >> sure. and these are charter financial analysts that we survey, our members. they spend their time in the markets investing. and compared to last year, there is more pessimism about the prospect it's for bonds, for fixed income given the very low nominal level of yields. and also for cash where basically you can't get any return. so equities were the clear favorite with over 50% of our respondents saying that they would be the best asset class. >> there is still some pessimism about europe, primarily coming from respondents, our members there. but there's more open coming from-- optimistic from charter fina
PBS
Dec 3, 2012 12:00pm PST
defines to hitler, a message of hope to occupied europe and of course in 1940 and 1941 an a meal for great support for the united states. >> give us the tool and we will finish the job. >> one of my favorite documents within the exhi business, churchill was in new york in december 1931. and was knocked down by a motorcar on fifth avenue at 76th street. and it was the classic mistake of the brit in america and he got out of his taxic-- taxi, looked the wrong way and was immediately hit by a car going the other direction. what he did was two things. he wrote an article on what it was like to be hit by a motorcar. but he also managed to persuade his doctor in prohibition era new york to write him a prescription necessitating the use of alcohol at all meals. >> rose: joining me now is celia sandys, winston churchill's granddaughter, david reynold-- renolds of cambridge university, peter clarke on the recently published mr. churchill's profession and i am pleased to have all of them here at this table. thank you. >> rose: i so looked forward to this i was go-going to tell a story that i o
PBS
Dec 29, 2012 1:00am PST
the negativism by the fiscal issues europe and the u.s. >> susie: you told me there were oil and gas americ mergersu think that tech could be an air yeah wirarea. what kind of gived guidelines can you give to investors so they can take advantage of these trends. >> there is a huge boom inenergd healthcarhealthcare in particule new healthcare system is going to be a lot. you have to look at companies that have had success but need more capital to get to the next level. exploration and production companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesan. the kind of service that's county of victoria to their -- o their base line services. >> thanks bob, have a greatweek. bob pr profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh o
PBS
Dec 12, 2012 1:00am PST
the market -- into the economy, not only from the u.s. fed, but from europe, from the central bank there, as well as from china, don't forget, so we've had this liquidity which has taken asset prices with the stock market and the bond markets, pricing it way up, it is actually helping housing after a long wait. moving into the future, there will be some reduction in really the fear that people have. it is not only a lack of confidence, but it is a fear of things going wrong. as we get day to day, i think the fed has been the only place in town to inject some optimism or feeling somewhat better in the general public, as well as in business. until we get through this silliness in washington, i think people will continue to be cautious. >> susie: speaking of that caution and fear, what should investors be doing with their money. so many of them, not only individual investors, but professional investors are sitting on a pile of crash. hold off or invest? what is your investment strategy? >> people, the viewers right now, many of them have been out of the stock market for an extended pe
PBS
Dec 21, 2012 7:00pm PST
will carry into the new year. and, then there's europe. major headlines on the region's debt crisis have been noticeably few. and that has traders spooked. still, some market pros are upbeat about the outlook for stocks next year. >> our year-end target for 2013 is 1,525 to 1,575, that's our range for the s&p 500. if you look at it from current levels, you tack on a couple of percent for dividends, so it will be another good year. >> reporter: a good year for stocks next year perhaps. but, 2012 isn't over yet. and, there are fresh worries there may be more selling in the next few days, as investors look to lock in at least some of this year's profits. suzanne pratt, "n.b.r.," new york. >> susie: 'tis the season for procrastination, but don't worry, there are still three full shopping days left until christmas. and what better time to get started than tomorrow. it's expected to be the busiest shopping day of the year and the best prices so far. during the last weekend before christmas, retailers are marking down merchandise by as much as 70% and they'll be pulling out all the stops t
PBS
Dec 5, 2012 4:00pm PST
behind, and those are the afghans. the united states ended in western europe have no interest in occupying and colonizing afghanistan into the 51st state, or whatever. the afghans are there tuesday. the others come and go. -- are there to stay. the others come and go. >> puc much fighting? gregg's my time was split between the capital -- >> my time was split between the south. endand the >> you know afghanistan well. thank you for coming in. it has been over a month now since a americans gave president obama four more years in the white house. there are now more minority voters than ever before. and in large part, the republican candidate lost because he failed to reach out to them. if your than one in three latino's failed to vote -- fewer than one in three latino's failed to vote for mitt romney. what will the republican party need to do to get the hispanic vote? >> at a christmas party outside of boston, republicans are not feeling particularly festive -- outside of austin, republicans are not filling a particularly festive. they know they have a challenge in front of them. wi
PBS
Dec 26, 2012 4:00pm PST
took to the streets to demand freedom. long live syria, free and europe. >> he also defected from the bashar al-assad government. before that he held several high-ranking posts including the ambassador to sweden. i asked him how significant it is. >> it is very significant because one of the highest- ranking officers that have affected so far, and this man is the head of the military police and he must know a lot of things that have been going on by the army, invading the cities and killing civilians and bombarding the area with chemical weapons. he has said homs was bombed with chemical weapons. this is his statement. i think he was in a position to do this because you have all the reports coming to him. >> is it really that significant given that bashar al-assad still can count the military in multiples of tens of thousands? he is getting help from the russians, the iranians, and also has fallen out of lebanon. he looks pretty secure and appears to be acting with impunity. >> you are right. we cannot forget the fact this person has a lot of information about the use of prohibite
PBS
Dec 4, 2012 2:30pm PST
laid off at age 53. when you are at that age in an economy like the uk or europe, you are done. now you have to spend the rest of your life in a depression because you are not used to dealing with the real world. what happens is he was -- he did not have a stable income. the risks were hidden from him. the taxi driver or the freelance person or anyone who has a variable in, is vastly more protected from adversity it than someone who has a very steady income. when i compared it to lead to saudi arabia or egypt before the arab spring -- italy to sell the radio or egypt before the arab spring, it is good in the long run to mitigate the black swan risk. tavis: what might he have done differently? >> if you were self-employed, he would've had skills to fix the market. he had one employer dependent on bad employer, permitted his position and now he does not have any skills. he could have done differently if he had changed jobs or changed skills. it is overall like a system -- small corporations have more variations and they're forced to adapt a faster. tavis: if you are watching this prog
PBS
Dec 20, 2012 4:00pm PST
become more difficult. >> thank you for joining us. >> across europe, demonstrators have taken to the streets of protests and nowhere more so than in spain. in keeping the peace, how far should the police be able to go? that is a question that has been raised after some people have been left severely injured. country,in's basque police officers train with a new weapon. they will use it at demonstrations when things turn violent. the weapons afire these, the rounded tip of which is made of a heart from. they can be fired accurately at a distance of up to 50 meetings. in this region, they will have a weapon which fires these rubber balls. the new weapons can be fired directly at the troubled maker but the rubber bullets are first fired at the ground. the idea is that they will bounce up towards their intended target. the police will stop using this weapon after a rubber ball hit a man back in april and he later died. more questions follow the case, this woman who is blind in one eye. she was hit at a demonstration in barcelona last month. >> i knew straight away that he was really s
PBS
Dec 28, 2012 1:00am PST
, where europe is in recession, japan continues to languish and yet the u.s. economy has shown resiliency but it is not immune from fiscal shock and that's something i clearly continue to monitor. >> all right, joe, thank you very much for coming on the practical. have we have good news for the in you year. thank you very much. >> you as well. thank you. >> joe davis, chief economist at ativan guard group >> susie: still ahead, the top tech trends for 2013, or how your cell phone will become an even bigger part of your life in the new year. >> susie: a lot of mixed messages for investors today. joining us now to sort through it all, ann miletti, senior portfolio manager at wells fargo advantage funds. >> so, anne, what do you think you heard, the economist talking about a mild recession. are we in for a correction in the stock market if that happens? >> i think right now the market is trying to predict how long this uncertainty is going to last. so right now, you know, because the market is a measuring tool, it's measuring how long the uncertainty with the fiscal cliff will las
PBS
Dec 5, 2012 12:00am PST
and that can reach israel today and that will be able to reach europe in the not-too-distant future and ultimately the united states. second, you would have, i think, a nuclear tarmd iran would ignite a nuclear arms race in the most volatile part of the world, and third, you -- i think a nuclear armed iran would be significantly more aggressive in placing like iraq and afghanistan and throughout the region in terms of trying to throw their weight around. so i think that this is one of those situations where the only acceptable alternative, the only good alternative is that the economic pressures bring enough popular unhappiness in iran because of economic disasters that are going on there, that the regime decides it is in its own best interests and for its own security. >> rose: that assumes rational thinking on their part. >> i think that they are not irrational. and, you know, to say that they are rational actors all the time, i don't accept that either, but when it comes to these kind of things, the one thing they don't want is a war with the united states. and so i think that th
PBS
Dec 11, 2012 12:00pm PST
so u.s. and europe and china are going to have different strategies. but the notion that in this region gas could be $2 to $3 or even $5 $6 for a million b.t.u.s shifts nuke fear this country out over a period of time. there may be a few new reactors built, but not many. >> rose: when do we have energy independence because of the online production of shale? >> here's what i would say, charlie. in other words, somebody who's smarter than i am should pick what's the right strategy. is it independence? is it security? is it something like that? but between canada, mexico, and the united states this region, the and a half a region, could be energy independent very soon. this region could probably be the most powerful or one of the most powerful energy producing regions in the world. and shale gas is just a game changer. it's just -- it's just a game changer is it a pan see yaw yah? no. but it opens up doors and that's something we should have high on the lists of things to do. >> rose: when you see that, what could disrupt that possibility of shale gas playing the role of -- that you
PBS
Dec 29, 2012 1:30am PST
we going to go the way of europe or are we going to try to stimulate the economy back into a more comfortable spot, rather than waiting for it to grow by inches as we've been doing. >> there were a lot of issues on the state ballot, and tyche, you can say governor brown put all his eggs in one basket, proposition 30, and it passed. what does he get. >> well, he gets forward momentum, which was really, i think, really in question for a while. there were folks saying, you know, if prop 30's polling below 60% of the vote that it's sunk, that you can't pass a tax measure with such a close margin. it ended up passing with a 55%-45% margin. and it really -- i think you were talking about voter turnout efforts. there was a very sophisticated effort for prop 30 and against prop 32 that would have restricted union political contributions, that had some union money behind it, and also a lot of organizations like voto latino, like mi familia, civic groups that are looking at engaging voters who are in many cases not regular voters and have been written off as we can't depend on them. and the
PBS
Dec 21, 2012 1:00am PST
and in the life, which was mentioned by your reporter there, in europe. and so i think you're going to see these two companies combine with ice taking over the nyse. you're going to see a much stronger company, a company that is going to do very well. and i think the stockholders are going do very well because of that. >> susie: we're go stock watching that story right here in our backyard. we will be watching it closely. thank you so much, real pleasure talking with you. senator judd gregg, former republican senator from new hampshire. >> i'm >> reporter: i'm ruben ramirez. still ahead, we'll take a look at how mobile payment technology may soon replace having to carry a plastic credit card. >> tom: we got another look at the economy between july and september, and it grew faster than first thought. third quarter gdp was revised higher today to just over 3%. that's up from the first estimate of 2.7%, and more than double the growth in the second quarter. fast forward to last week, and more americans filed for first- time unemployment insurance. new claims for jobless benefits rose
PBS
Dec 7, 2012 1:00am PST
that we are most proud of is the fact that we still import more product from europe than we do from china. so you are talking about artisan product, product that has a story to it. that's special. you don't see that in retailing in america. >> reporter: stores like sur la table are expected to be one of the few bright spots in an otherwise lackluster holiday season for merchants. in fact, some experts think home goods will be hotter than toys this holiday season. ibm projects home goods will see the strongest sales growth this year, up over 6%. that's far more than toys and electronics. >> you may ask yourself, why home? we think home is up because of a lot of things-- things like the changing demographic of the home itself. there's a stat that says that 41% of those between 25 and 29 are living back at home. >> reporter: but there also a second reason. >> we think that this holiday people are buying what they need vs. what they want. >> reporter: which had me wondering what's on jack schwefel's wish list this holiday season. it wasn't this $5,500 coffee maker. >> there are some new
PBS
Dec 31, 2012 12:00pm PST
you don't take it like a-- just another item, i think. we are building now in europe a house. 2 is important for us to have such an incredible opportunity, a platform where we perform op ra, sim fonic music, educational projects will go up immediately because all the schools, universities, city of five million people. you can perform one leg nut cracker 20 time ace year, you can perform 50 times a year, each of those 50 nuts crackers a year you can devote 40 to schools it is a huge opportunity to help young people understand their part draft decision. because of course they have all these toys and also kid does it all the time but they will go for the first time at 8 or 9 years old to see the magic of theatre. most of them will come back, we know that most of them will come back. it's much easy everto start at 8, 9, 10 and then understand ballet, opera, theatre, music, rather than do it when are you 25, 30 for its first time. it's too late, maybe. >> back to politics for a moment. when you look at russia today, democracy, economic growth, human rights, press freedom. where do you t
PBS
Dec 24, 2012 2:30pm PST
challenge you, how did that -- in the man's life, how did that challenge you, how did that shape europe? >> you never know how much you are leaning on someone until they die. utch, and i had to bite the bullet and pull up my bootstraps and start stepping. all the other guys in the band are wondering, what do we do now. everybody knew -- they did not know what the solution was, but they knew if we did not keep playing there was no telling what would happen. we were playing in 1970. i think we played 306 nights. people ask you all the time, how did you make it? how did you know when you made it. i am not sure what that is, but we just got around and played everywhere we could. we were in new orleans on saturday night. we would look for a park on sunday and go set up -- we had a collection of these extension cords. we would see if there were a couple of consuls who would let us plug in, and then we would have -- a couple of souls who would let us plug in, and we would have of them. tavis: you still love playing? >> yes, sir. tavis: you said a moment ago, i do not know what made it means. i
PBS
Dec 21, 2012 4:00pm PST
markets here in america and in europe. people know the recession could follow if they do not do a deal, and that is why he is trying to get one. >> thank you very much for joining us. there is still no deal yet, but as the economic crisis has shown, 2012 will not be known as the year of political unity in washington. it may come as a surprise, but some of the nation's leaders have been immortalized in a work of art. "the network" is a video installation done by an artist. i went to the national portrait gallery where it is on display. >> 4, 3, 2, 1. [applause] >> washington's elite gathering for the first glimpse of themselves in a video portrait that enshrines them in art and history. >> lo and behold, we get this gift. and 89 americans were chosen by the artist to represent contemporary leadership. some are less recognizable than others, but all our leaders in their field. the results -- a constantly changing snapshot of power. >> within the realm of contemporary arts, it needs to be at the table for conversations about politics and policy. what i am really hoping for this proje
PBS
Dec 1, 2012 1:00am PST
solutions, and europe is getting better. so slowly but it is getting better. so this-- 2013 is really going to be the year that certainty replaces uncertainty, and that should unleash a lot of pent-up demand and tailwinds. >> tom: a lot of investors can only hope so. tiffany, just yesterday, released some disappoint. the stock price got hit. t.i.f. is the ticker symbol on tiffany. tell us what you anticipate here. you're not scared of some of the slow-down we're seeing with consumer demand on jewelry? >> no, we think some of the issues that have impacted tiffany this quarter and even the previous quarter, such as higher input costes, softness in asia, are temporary, not secular long-term trends. the intermediator to long-term thesis with tiffany is very solid. it's about emerging markets and taking advantage of an iconic brand in the creation of wealth around the world. >> tom: emerging markets tend to be somewhat more risky. but you're also looking for health care, which tend to be more defensive. quest diagnostics her play here. the stock has been under some pressure as the c
PBS
Dec 25, 2012 4:00pm PST
innewsed music across europe, spain and italy. >> but you have no idea how delighted quazi moto was. the bell told to mark the hours of the day as it told to mark the liberation of the city in 1944. >> in front of notre dame and even in one of the towers of the famous cathedral, the nazis have established fire. >> we traveled west of paris to normandy to this village, to one of three bell foundrys still in operation. here they are casting the eight new bells to hang in the to your. >> the original bells were seized during the revolution and melted to cannon balls. they are recasting them in copper and continue using molds fashioned from horse hair and ma nuria. >> as we don't want them to make them twice, we will make them higher in tune. and we will take the met a aloff inside to get it perfectly calibrated. >> once tuned, they will toll for the first time in march on palm sunday. right now it is the christmas nativity scene that draws the crowds with two million people expected in december. always an attraction. though it's the majesty of notre dame that stands the greatest testament t
PBS
Dec 4, 2012 7:00pm PST
europe, spain's finance minister warned the recession there has gotten worse. he described the current quarter's economy as the most difficult in the year since spain's recession began. the dow lost 14 points, the nasdaq down 5.5, and the s&p lost two. retail partnership-- target and >> susie: here's an unlikely retail partnership-- target and neiman marcus. in an effort to energize the early december lull in holiday shopping, the two stores are offering a unique line of designer housewares, gifts and clothing. the pieces are available at both target and neiman marcus stores and on their web sites. but, attention shoppers-- many of the hot items are going fast. suzanne pratt reports. >> reporter: four days after its debut, most of the much-hyped collaboration is still available at this target in edgewater, new jersey. there are gifts for your four- legged friends, and plenty of bar accessories for your partying pals, including shot glasses and cocktail shakers. there's even green transportation by alice and olivia. gone is this funky sweatshirt, although you can still get it online. al
PBS
Dec 5, 2012 7:00pm PST
. >> we are now working in europe and starting to get going in the middle east and asia. so there's absolutely no bounds to what this can do. >> reporter: arrowsight's technology is also widely used by the meat industry; in some cases, boosting productivity by more than 10%. the biggest barrier to adoption of the technology is not employee backlash, it's money. >> the most difficult thing about a new technology or new service is getting companies that didn't have this anywhere in their budget to create a budget line for it. >> reporter: but north shore hospital says its investment has more than paid off. >> it probably costs at least $40,000 to treat every serious m.r.s.a. infection. if we can eliminate just a handful of those in a year, we've easily paid for it. >> reporter: already, the hospital is planning to expand its video monitoring to other departments, including improving operating room safety and efficiency. erika miller, "n.b.r.," manhasset, new york. >> bob baur is the chief global economist at principle global investors, with $275 billion on management. bob, the higher
PBS
Dec 23, 2012 5:00pm PST
of the 19th century still. all of europe in 1848 was in flames about whether or not they were going to have democracies or monarchies. and the world didn't know yet whether or not democracy was simply another name for chaos. and the coherence of a people's government which is what he saying in the gettysburg address was an important thing to prove, not just that we could create a government of the people, but that it could endure a terrible test. and i think that he felt that to have the war end without slavery being eliminated -- >> once and for all, not just with the emancipation proclamation-- >> -- had once and for all, right. >> -- but by the constitution. >> right, and i think that you see how important that was to him and that he tried to and succeeded in getting the house to pass it, at the same to keep his party which was enormously, it's the like democratic party today, it's blue dog democrats, there were sort of blue dog republicans. half the republican party was conservative and weren't sure that they liked, they were anti-slavery but they believed in sort of gradual ema
PBS
Dec 21, 2012 12:00pm PST
a commission. and he headed up the combat motion picture photography for the war in europe, d-day, the liberation of paris, the liberation of daukau. and i worked with him. i worked with him on "shane" i worked with him on "giant" to a certain extent. i was his associate producer and directed the location scenes for the diery of ann frank. and speaking of men tors, my father was the principal one. and i learned so much from him. not just craft but ideas and then ed murrow asked me to come back. >> rose: before that, so are you there working with your father. are you working with the great directors. i assume your clear intent was to become a director at that moment. >> it was. it was. and programs somewhere deep in my mind i was think do i want to spend my entire life trying to become the second-best film direct never my family. but very much. and i was directing alfred hitchcock and peter gunn and television series out there i really loved it. >> rose: and then there is a meeting, ed war r murrow is in los angeles, jack kennedy, president kennedy had made him head of u.s. informa
PBS
Dec 21, 2012 6:00pm PST
. we look increasingly like we have the dysfunction, the governmental dysfunction of europe without the excuse of being separate countries. and you know, i think it's a serious challenge to america's standing in the world that the views of credit car mets an-- markets. and washington is not faking it yet with sufficiency seriousness. >> i just add, not in a partisan way, that the 213 shall 215 to 2089-- 209 vote last night in the house before the whole thing came apart which was to not take the sequestration funds out, let's take them out of domestic spending, a party-line vote. 20 -- democrats stuck on that. not a single one broke. and i think you are seeing far more unity in the democratic ranks than in the republican ranks right now. i agree it is a governmental problem. if the whole thing comes grinding to a halt and we see it reflected in the financial markets and the stock market an elsewhere, then it's a governmental problem. it's not simply a democratic advantage or republican advantage. but right now the real fault lines are in the republican caucus. >> rooney: we-- . >> wo
PBS
Dec 10, 2012 6:00pm PST
sends goods all the over the u.s. and europe. this factory had links through subcontractors to retail giants such as wal-mart, sears and disney. but safety is often ignored in the pressure to keep production moving for a global supply chain. the enter in the labor rights forum says more than 600 people have died in bangladesh garment factory fires since 2005. this blaze was followed two days later by a 12-story fire in another part of the town. there were no deaths in that blaze. for more on all this we turn to steven greenhouse who covers labor and workplace issues for the noork times. thanks for being with us. steven, bring us up to speed. after that fire there were documents an activist group put out which seemed to indicate retailers unwilling to pay for some of the safety upgrades. >> yes. documents came out from a that was held last year in bangladesh. a meeting called by the government and by the bangladesh manufacturers association that was urging those giant western retailers like the gap, like wal-mart to like step up to the plate and agree to pay more for their apparel so t
PBS
Dec 13, 2012 6:00pm PST
europe. >> last night's decision on the single supervisory mechanism for euro area banks is a breakthrough towards a true banking union, which is significant and crucial in order to restore and reinforce confidence in the european economy. >> sreenivasan: the banking superviser role must be approved by the european parliament, but the position could be up and running by march of next year. separately, finance ministers agreed to give greece its next bailout payment of $64 billion. in return, greece has agreed to reduce its debt load by buying back devalued bonds from private investors. the european court of human rights issued a landmark ruling today condemning the c.i.a.'s extraordinary renditions programs. it ruled that a german car salesman khaled el-masri was a victim of torture and abuse for four months at the hands of the c.i.a. el-masri said he was kidnapped from macedonia in 2003, interrogated and tortured at an afghan prison run by the c.i.a. and then dropped on an albanian mountainside when authorities realized he posed no threat. macedonia agreed to pay nearly $80,0
PBS
Dec 13, 2012 12:00am PST
, especially in europe that the west, particularly the united states, was the powerhouse of culture and ideas, that it wasn't any of the soviet experiment had died, and the best people to do that for you were ex-communists and democratic socialists what the cia used to call the ncl, the noncomist left. and so amazingly enough, when the house of unamerican activities got going, some cia operatives found themselves right in the line of fire because they had so many connections to the democratic socialist left across europe, the mccarthy items were very worried by these guys .. and some were professors who had left leaning tendencies themselves but they were democrats,. >> rose: wha and what do you mae of the french who came to the real situation that is soviet union was not what they believed it to be, you know, french intellectuals? >> they rather took their time over this realization. i mean by now we all have the hindsight benefit there of. but i would like to think i would have dipped out somewhere around the stalinist -- >> rose: yes that would be a place to say not what -- >> if you
PBS
Dec 16, 2012 5:00pm PST
experiment in europe where they've implemented austerity in a number of countries with the idea that we're going to reduce government spending in order to reduce deficits, because we want to get the ratio of debt to g.d.p. to the size of the economy down. but what happens when they've done that is even though they may have shrunken the numerical value of the debt, the economy has contracted so much more that the debt to g.d.p. ratios get worse. it actually makes the problem worse. so, austerity is bad medicine now. >> i just read the other day that this campaign "fix the debt" raised $60 million and hired and it recruited 80 corporate ceos to go to washington and lobby for fixing the debt. what do they want? >> i think reason why the corporate executives are so big on fixing the debt is because they know that if they don't -- when they have some control over the political system through their political action committees and republican control of congress, they can't cut entitlements now. when they do eventually become a problem that will require some immediate action, they know that it wil
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